Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Norway
NORPREND401IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.18
Year-over-Year Change
-3.33%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the production volume index for the electricity, gas, steam, and air conditioning supply industry in Norway. It serves as an important indicator of economic activity and energy sector performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Production Volume Index tracks changes in the physical quantity of goods and services produced by the electricity, gas, steam, and air conditioning supply industry in Norway. This metric is widely used by economists and policymakers to assess the health and growth of the energy sector and broader economy.
Methodology
The data is collected through surveys of companies in the relevant industries and calculated as an index relative to a base year.
Historical Context
This index provides valuable insights into Norway's energy infrastructure and can inform policy decisions related to energy supply, demand, and sustainability.
Key Facts
- Norway is a major producer and exporter of energy.
- The electricity, gas, steam, and air conditioning supply industry is a key sector of the Norwegian economy.
- This index helps track the performance and growth of Norway's energy infrastructure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume index for the electricity, gas, steam, and air conditioning supply industry in Norway. It serves as an indicator of economic activity and energy sector performance.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and growth of Norway's energy infrastructure, which is a critical component of the country's economy and can inform policy decisions related to energy supply, demand, and sustainability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of companies in the relevant industries and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: This index can be used by policymakers, economists, and market analysts to assess the performance and growth of Norway's energy sector and its broader impact on the economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations associated with survey-based economic indicators.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Norway (NORPREND401IXOBQ), retrieved from FRED.